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Sweden Herald - Latest Sweden News | Pirelli falls after Grizzly Research questions alleged Russian dealings by Sweden Herald

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Italian tire maker Pirelli saw its shares tumble on the Milan Stock Exchange after short‑seller Grizzly Research accused the company of selling tires to the Russian army in occupied parts of Ukraine, claiming the Russian military is a major customer and source of income. Grizzly urged Pirelli to divest its assets in the region and take the financial hit. Pirelli denied the allegations, saying the information is incorrect. The stock fell about 13 % at the market open—the biggest drop since 2020—before partly recovering to a loss of just over 4 % by mid‑morning.

#Pirelli #GrizzlyResearch #Russianarmy #Russianmilitary #businessnews

Pirelli falls after Grizzly Research questions alleged Russian dealings

Italian tire manufacturer Pirelli is falling on the Milan Stock Exchange after short-selling firm Grizzly Research questioned its alleged dealings with Rus

Sweden Herald

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